Enertork Ltd. announces an Equity Buyback for 300,000 shares, for KRW 1,050 million.
November 12, 2018 at 02:12 am EST
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Enertork Ltd. (KOSDAQ:A019990) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, for KRW 1,050 million. The purpose of the program is to stabilize stock price and to improve shareholder value. As of November 12, 2018, the company has 29 shares within scope available for dividend and no shares in treasury stock under other repurchase. The plan is valid till February 12, 2019.
ENERTORK LTD. is a Korea-based company engaged in the provision of electric actuators and decelerators. The company provides five categories of products: TM, TQ, MW, TD and LTMD-Q series. The TM series provide torque tables, mechanical data products and stem bushes used for globes, gate valves, quarter turn valves, ball valves and others. The TQ series are used for small quarter turn applications such as balls, plug valves and dampers. The MW series are the worm reducers used for plug valves, dampers and others. The TD series are the conventional multi-turn actuators for the harsh environment usage. The LTMD-Q series are developed for nuclear power use. The Company distributes its products within domestic market and to overseas markets.
ENERTORK LTD. 